Imposes a surcharge of twenty percent additional tax on properties owned by persons or businesses from states which have financed the transportation of persons into such city for the purpose of making them a public charge; applies to cities with a population of one million or more.
S T A T E O F N E W Y O R K
________________________________________________________________________
8606
I N A S S E M B L Y
January 12, 2024
___________
Introduced by M. of A. RAJKUMAR -- read once and referred to the Commit-
tee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to imposing a
surcharge on certain properties in a city with a population of one
million or more
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The real property tax law is amended by adding a new
section 307-b to read as follows:
§ 307-B. ADDITIONAL TAX ON CERTAIN REAL PROPERTY IN A CITY WITH A
POPULATION OF ONE MILLION OR MORE. 1. NOTWITHSTANDING ANY PROVISION OF
ANY GENERAL, SPECIFIC OR LOCAL LAW TO THE CONTRARY, ANY CITY WITH A
POPULATION OF ONE MILLION OR MORE IS HEREBY AUTHORIZED AND EMPOWERED TO
ADOPT AND AMEND LOCAL LAWS IN ACCORDANCE WITH THIS SECTION IMPOSING AN
ADDITIONAL TAX ON CERTAIN REAL PROPERTY. SUCH SURCHARGE SHALL BE THE
IMPOSITION OF A TAX RATE WHICH IS TWENTY PERCENT HIGHER THAN THE OTHER-
WISE APPLICABLE TAX RATE.
2. (A) A LOCAL LAW ENACTED PURSUANT TO THIS SECTION MAY PROVIDE FOR A
SURCHARGE ON THE REAL PROPERTY TAX ON ANY COMMERCIAL OR RESIDENTIAL
PROPERTY OF ANY CLASS IN WHICH MAJORITY OWNERSHIP IS HELD BY A RESIDENT
OR RESIDENTS OF, OR A BUSINESS, PARTNERSHIP, FIRM OR CORPORATION WHICH
IS INCORPORATED OR HAS ITS MAIN OFFICES IN, A STATE WHICH HAS BEEN
DETERMINED BY THE DEPARTMENT OF FINANCE TO HAVE FINANCED THE TRANSPORTA-
TION OF PERSONS INTO THE CITY FOR THE PURPOSE OF MAKING SUCH PERSONS A
PUBLIC CHARGE, WITHIN THE PAST THREE YEARS.
(B) EXCEPT AS OTHERWISE PROVIDED IN THIS SECTION, SUCH TAX MAY BE
IMPOSED, ADMINISTERED, COLLECTED AND ENFORCED BY THE COMMISSIONER OF
FINANCE OF SUCH CITY BY SUCH MEANS AND IN SUCH MANNER AS OTHER TAXES
THAT ARE NOW IMPOSED, ADMINISTERED, COLLECTED AND ENFORCED BY SUCH
COMMISSIONER IN ACCORDANCE WITH THE CHARTER OR ADMINISTRATIVE CODE OF
ANY SUCH CITY OR AS OTHERWISE MAY BE PROVIDED BY ANY SUCH LOCAL LAW.
3. ANY PROPERTY OR OWNER THEREOF WHICH IS SUBJECT TO A SURCHARGE UNDER
THIS SECTION SHALL BE INELIGIBLE FOR ANY TAX ABATEMENT, REDUCTION CREDIT
OR PAYMENT IN LIEU OF TAXES, EXCEPT FOR: A REFUND OF ANY OVERPAYMENT OF
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.